🔴 $BNB — Short Setup, wait for a bounce
#BNB_Market_Update is at 606.00 (-0.91%), with price below MA(7) but still above MA(25) and MA(99). The short-term bias is bearish, but 606 is very close to support at 605, so chasing is risky.
MA(7): 608.40
MA(25): 590.07
MA(99): 602.87
24h High: 612.85
24h Low: 605.00
Entry: 608.0–612.0 on rejection
TP1: 605.00
TP2: 602.87
TP3: 598.0
SL: 614.50
🔻 Confirmation: Rejection around 608–612, followed by a clean break below 605, confirms the short.
⚠️ Don't short at 606.00. Price is sitting almost directly on the 24h low. Wait for a bounce/rejection for better R:R. If BNB reclaims 614.50, invalidate the short.
Short confidence: 7/10.
$BNB
#BNB_Market_Update is at 606.00 (-0.91%), with price below MA(7) but still above MA(25) and MA(99). The short-term bias is bearish, but 606 is very close to support at 605, so chasing is risky.
MA(7): 608.40
MA(25): 590.07
MA(99): 602.87
24h High: 612.85
24h Low: 605.00
Entry: 608.0–612.0 on rejection
TP1: 605.00
TP2: 602.87
TP3: 598.0
SL: 614.50
🔻 Confirmation: Rejection around 608–612, followed by a clean break below 605, confirms the short.
⚠️ Don't short at 606.00. Price is sitting almost directly on the 24h low. Wait for a bounce/rejection for better R:R. If BNB reclaims 614.50, invalidate the short.
Short confidence: 7/10.
$BNB